7 Olympus officials arrested

Olympus has officially acknowledged the arrest of seven top officials suspected of breaching Japanese financial regulations. This appears to be part of the international investigation into the gargantuan accounting cover-up of these last years.

Let’s hope for the photo business that this will not shake the company down while it is trying to bring interesting innovations to the customers.

PS: It seems that the apparent suicide of the managing director of Olympus India is not related to this same issue.